As consumers continue to tighten up their discretionary spending, it seems diamond prices are anything but rock solid.
The price for rough diamonds reportedly have reportedly hit their lowest point in a year, said the Zimnisky Global Rough Diamond Index.
Rather than purchasing luxury goods including precious gems like diamonds, consumers have instead trended toward spending their disposable income on dining and travel.
But for those still in the market for high-end purchases, today’s slumping gemstone prices may just help luxury consumers encounter a hidden gem for their jewelry box.
